Medical Office Suite with
For Sale
$399,000
20508 SW ROY ROGERS Rd, Sherwood, OR 97140
CommercialSale, Sherwood, OR
Property Size1,853 SF
Lot Size2.16 Acres
Price / SF$215.33
Days on Market622
Property Features for 20508 SW ROY ROGERS Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Directions
99W to SW Roy Rogers Rd
Subdivision
_151
Standard status
Active
APN
R2150331
Size
1,853 SF
Lot size
2.16 Acres
Taxes and HOA fees
Tax Description
HUNTERS RIDGE CONDO SUPP NO.2: ANNEX STG 2, LOT 118
Tax Annual Amount
7344
Legal Description
HUNTERS RIDGE CONDO SUPP NO.2: ANNEX STG 2, LOT 118
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2006
Floors in Building
1
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Stephen FitzMaurice
(503) 939-8231
Added: Jan 27, 2025
Changed: Sep 30
Last Checked: Oct 11 at 1:06AM
MLS# 161120291
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,853-square-foot medical office suite includes multiple rooms, with sinks in most of them, supporting healthcare, therapy, or general office operations. The flexible interior arrangement can accommodate a range of professional configurations, while forced-air heating and central air conditioning provide year-round climate control. The building was constructed in 2006.
The property is located in Sherwood, Oregon, with access to local amenities and Pacific Highway. Two deeded parking spaces are included for tenant and client use. The underlying property encompasses 2.16 acres and carries GC zoning.
The property is located in Sherwood, Oregon, with access to local amenities and Pacific Highway. Two deeded parking spaces are included for tenant and client use. The underlying property encompasses 2.16 acres and carries GC zoning.
Key Highlights
- 1,853‑square‑foot medical office suite
- Multiple rooms, most equipped with sinks
- Two deeded parking spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,270
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,400
$525.4K
Cap Rate 7%
$375,286
$375.3K
Cap Rate 9%
$291,889
$291.9K
Market Conditions
NOI Build-Up for 1,853 SF
Gross rent
$48.9K $26.40/SF
− Vacancy
−$5.1K −$2.77/SF
EGI
$43.8K $23.63/SF
− OpEx
−$17.5K −$9.45/SF
NOI
$26.3K $14.18/SF
Area
Washington County, OR
Vacancy
10.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,400
Cap Rate 7%
$375,286
Cap Rate 9%
$291,889
Alternative Uses
Best Use
Healthcare Medical
$375.3K
$328.4K – $437.8K
NOI $26,270 @ 7.0% cap · market cap 6.58%
Second Best
Office B
$342.7K
$299.8K – $399.8K
NOI $23,987 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$500.2K
$437.7K – $583.5K
NOI $35,012 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97140, OR
28,365
Population
9,540
Households
3
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
44.6 sq mi
ZIP Area
636
Density / Sq Mi
$119,241
Median Household Income
$58,718
Median Earnings
$1,934
Median Rent
$618,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible professional suite with multiple treatment or office rooms, dedicated parking, and central air conditioning.
Where is this medical office space located?
The property is located at 20508 SW ROY ROGERS Rd Sherwood, OR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,853‑square‑foot medical office suite; Multiple rooms, most equipped with sinks; Two deeded parking spaces included
